undamentalytics Newsletter

Descartes Systems Group Inc: which funds bought and sold

Institutions that bought and sold Descartes Systems Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 155 institutions that filed 13F reports for both quarters added to or opened positions in Descartes Systems Group, and 191 cut or closed them. Together they added a net 647K shares, +1.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 355K shares (−1.5%); index fund managers were net buyers of 179K shares (+3.5%). 37 opened a new position and 48 sold out entirely.

Bought, Q2 2026 155 institutions, 37 of them new holders Sold, Q2 2026 191 institutions, 48 of them sold out
Net change, all compared +647K shares (+1.0%)
Net change, active managers −355K shares (−1.5%), 25 bought, 31 sold

Buyers versus sellers

institutions compared, 380
Active managers and hedge funds 25 bought · 31 sold · −355K
Index fund managers 7 bought · 2 sold · +179K
Other institutions 123 bought · 158 sold · +823K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Wellington Management Group LLP Active manager +1.2M +640.7% 1.4M $94.4M
Manufacturers Life Insurance Company, The +945K +85.8% 2.0M $141M
Ninety One Uk Ltd +640K New position 640K $44.3M
Fil Ltd Active manager +614K +151.9% 1.0M $70.5M
Temasek Holdings (Private) Ltd +547K +37.4% 2.0M $139M
Royal Bank Of Canada +422K +64.3% 1.1M $74.8M
Nzs Capital, LLC Active manager +399K New position 399K $27.6M
Bank Of Montreal +286K +18.7% 1.8M $125M
Fiera Capital Corp +285K +34.1% 1.1M $77.6M
Arrowstreet Capital, Limited Partnership Hedge fund +271K +21.5% 1.5M $106M
Picton Mahoney Asset Management +269K +48.6% 823K $56.8M
Adage Capital Partners Gp, L.L.C. Hedge fund +260K +1300.0% 280K $19.4M
Waratah Capital Advisors Ltd. +258K +21.7% 1.4M $100M
Granahan Investment Management, LLC +242K +438.0% 297K $20.6M
Select Equity Group, L.P. Active manager +211K +19.5% 1.3M $89.4M
Morgan Stanley +199K +13.4% 1.7M $117M
Lord, Abbett & Co. LLC +187K +73.4% 441K $30.5M
Gw&K Investment Management, LLC +177K +70.6% 427K $29.6M
Ninety One North America, Inc. +123K New position 123K $8.5M
Clearbridge Investments, LLC Active manager +106K +22.4% 580K $40.2M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Price T Rowe Associates Inc Active manager −595K −9.5% 5.7M $393M
Two Sigma Investments, LP Hedge fund −477K −42.1% 656K $45.4M
Mackenzie Financial Corp −476K −19.4% 2.0M $194M
Primecap Management Co Active manager −450K −38.2% 729K $50.5M
Connor, Clark & Lunn Investment Management Ltd. −367K −30.1% 849K $58.8M
T. Rowe Price Investment Management, Inc. Active manager −334K −15.3% 1.8M $128M
D. E. Shaw & Co., Inc. Hedge fund −330K −33.4% 659K $45.6M
Geneva Capital Management LLC Active manager −260K −19.6% 1.1M $73.9M
Goldman Sachs Group Inc −259K −33.7% 510K $35.3M
BNP Paribas Financial Markets −248K −66.7% 124K $8.6M
Conestoga Capital Advisors, LLC −246K −11.7% 1.9M $129M
Bank Of America Corp −224K −30.6% 509K $35.3M
Jane Street Group, LLC −181K Sold out 0 —
Toronto Dominion Bank −177K −48.0% 192K $13.3M
Caisse De Depot Et Placement Du Quebec −169K Sold out 0 —
CIBC Asset Management Inc −169K −15.9% 891K $62.4M
Riverbridge Partners LLC Active manager −160K −35.5% 291K $20.2M
Renaissance Technologies LLC Hedge fund −158K −19.8% 641K $44.4M
Premier Fund Managers Ltd −142K −44.8% 175K $12.2M
UBS Group AG −139K −39.8% 209K $14.5M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Ninety One Uk Ltd 640K $44.3M
Nzs Capital, LLCActive manager 399K $27.6M
Ninety One North America, Inc. 123K $8.5M
Quadrature Capital LtdHedge fund 63K $4.3M
Morguard Lincluden Global Investments Ltd 34K $3.4M
Maryland State Retirement & Pension System 48K $3.3M
Moore Capital Management, LPHedge fund 38K $2.6M
Hudson Bay Capital Management LPHedge fund 23K $1.6M
Ionic Capital Management LLC 13K $900,120
Maven Securities Ltd 12K $817,863

Sold out

largest by value

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
338
Ten largest holders
36.9%
of 13F-reported shares
Index fund managers
7.5%
of 13F-reported shares
Active managers and hedge funds
33.8%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 25 31 5 7 −355K −1.5%
Index fund managers 7 2 0 0 +179K +3.5%
Other institutions 123 158 32 41 +823K +2.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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